WASHINGTON TRUST Co Purchases New Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

WASHINGTON TRUST Co acquired a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 98,991 shares of the company’s stock, valued at approximately $12,428,000. WASHINGTON TRUST Co owned approximately 0.18% of e.l.f. Beauty as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of e.l.f. Beauty during the third quarter worth approximately $25,000. Planning Capital Management Corp raised its position in shares of e.l.f. Beauty by 1,855.0% during the 3rd quarter. Planning Capital Management Corp now owns 391 shares of the company’s stock valued at $43,000 after acquiring an additional 371 shares during the last quarter. nVerses Capital LLC acquired a new position in shares of e.l.f. Beauty in the 3rd quarter valued at $44,000. Peterson Financial Group Inc. bought a new position in shares of e.l.f. Beauty in the 3rd quarter worth $45,000. Finally, Financial Life Planners bought a new stake in e.l.f. Beauty in the fourth quarter valued at about $46,000. 92.44% of the stock is currently owned by institutional investors.

e.l.f. Beauty Stock Down 2.6 %

ELF stock opened at $72.97 on Friday. The company has a market cap of $4.11 billion, a price-to-earnings ratio of 43.18, a P/E/G ratio of 1.54 and a beta of 1.47. e.l.f. Beauty, Inc. has a twelve month low of $63.50 and a twelve month high of $221.83. The business has a 50 day moving average price of $117.99 and a two-hundred day moving average price of $125.12. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Thursday, February 6th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 7.55% and a return on equity of 17.35%. Analysts anticipate that e.l.f. Beauty, Inc. will post 2.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ELF. B. Riley reaffirmed a “buy” rating and issued a $90.00 target price (down previously from $150.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Jefferies Financial Group dropped their price objective on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Stifel Nicolaus decreased their target price on e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating for the company in a research note on Monday, February 3rd. DA Davidson lowered e.l.f. Beauty from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $170.00 to $80.00 in a research report on Friday, February 7th. Finally, UBS Group reissued a “neutral” rating and set a $74.00 target price (down from $158.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, e.l.f. Beauty currently has an average rating of “Moderate Buy” and a consensus price target of $134.00.

Insider Activity

In other news, CEO Tarang Amin sold 890 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $122,464.00. Following the completion of the transaction, the chief executive officer now directly owns 99,699 shares in the company, valued at approximately $13,718,582.40. The trade was a 0.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Scott Milsten sold 530 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $72,928.00. Following the transaction, the insider now directly owns 68,853 shares in the company, valued at $9,474,172.80. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,205 shares of company stock valued at $297,442 in the last quarter. Company insiders own 3.50% of the company’s stock.

About e.l.f. Beauty

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.